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Oct 4, 2012
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a tax reform only happens if romney wins. mlp's are at greater risk if you have an all republican washington. the one thing that the republicans on the right care about is lower rates and a broader base. >> thank you for your time. up next a food stock that has been serving up products. what new projects the company has cooking. >>> we have gotten a story you can sink your teeth into. i didn't write that. well, you know, it is already out there. the company has reports 7 straight upside earning surprises. joining us is the ceo. i understand that you are about to report your earnings shortly. so you are in a quiet period. what can you tell us. >> business is good. consumption numbers are up double digit. eating healthy and i've said it on the show before is not a fad or a trend. we have prop coming up. 98% of hain's products are free. we introduced a how much or bpo food. you squirt it off into the bowl for kids. there is so much out there today. i just saw numbers where more an more consumers are eating at home. business is s
a tax reform only happens if romney wins. mlp's are at greater risk if you have an all republican washington. the one thing that the republicans on the right care about is lower rates and a broader base. >> thank you for your time. up next a food stock that has been serving up products. what new projects the company has cooking. >>> we have gotten a story you can sink your teeth into. i didn't write that. well, you know, it is already out there. the company has reports 7 straight...
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Oct 2, 2012
10/12
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corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to see. they are on the record and he will implement for the purpose of creating boe ining growth. it is because you are running to help everybody. everybody that needs to get a job and people are suffering out there. >> what besides taxes. >> what besides taxes? >> give me something else? >> the most important thing is to get the private sector something else. people are on the sls out there. you know what, people have an uncertainty and i don't think we can afford another four years of interrupted jobs. >> president, i'm going to give you the last word. j
corporate tax reforms should pt affect the tax right? by the way, why haven't you talked more in your campaign about the 20% tax cut and the corporate tax cut from 35 to 25%. supply sides have been critical of you and your running mate because you seemed to have back add way from the tax issue which even president obama believes would have stimulate the economy. >> i'm sitting here debating an able congressman. but the fact is, that president ro romney's plan is out there for everyone to...
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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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Oct 1, 2012
10/12
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one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying is can i get somebody to tell me the truth? you can cross words all you want to, but there are some things called undeniable truth. so no matter how you want to dance around it, some things are very clear. >> there's also such a thing as throwi throwing things against the wall and that is what the obama campaign has been effective at doing and the romney campaign hasn't been. >> the romney campaign, they have been -- i can show you the proof. go to our website. again, you have campaigns -- >> check up on after the fact. >> my point, you said earlier -- i said absolutely. if you have that many eyebal
one thing or another is that a tax increase or not? it is through the tax system. so, did you lie? he's going to say no, i did not lie. >> you say something, you call him out on it. here's the deal. romney's not going to try to bring it up in the debate. nor will president obama because the moment you do, you have opened the door for your opponent to actually you out. so, responsibility's going to rest on the debate moderator, who is not going to do it, but again, what people are saying...
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Sep 28, 2012
09/12
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now, french tax lawyers tell me that only 3,000 to 5,000 people will actually be affected by this tax, but they're an important 5,000 people. some of them are packing their bags. not so much because of this tax but because what they say is france's long-term budget issues and global competitiveness. many of the younger french are going to california. yes, compared to france, california is now a low-tax state. the rich today will go where their summon treated best. some, however, will endure the pain. j.k. rowling has come out and said she's staying in britain even if they hike her taxes. she said the rich who leave are, quote, greedy tax exiles. back to you, maria. >> wow. and they're going to belgium among other places. we heard that bernard arneau was going to belgium. where are the other tax favorable places in europe? >> monaco is still fairly popular. switzerland, which is a long-time destination. not so much. the french find the way of life there boring. they're going to portugal. they're going to the u.s. and singapore and hong kong. >> all right, robert. thank you so much. we'
now, french tax lawyers tell me that only 3,000 to 5,000 people will actually be affected by this tax, but they're an important 5,000 people. some of them are packing their bags. not so much because of this tax but because what they say is france's long-term budget issues and global competitiveness. many of the younger french are going to california. yes, compared to france, california is now a low-tax state. the rich today will go where their summon treated best. some, however, will endure the...
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Sep 30, 2012
09/12
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets people to look at it, the tax code should be looked at from farm subsidies to carried interest and corporate loopholes because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bain and company before bain capital was started. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he's got a great sense of humor, and he has a great sense of humor. i'm heartened by the fact that we have two fantastic c
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as ordinary income? as interest rule. >> it came about always sweat equity. if a restaurant your said i want to open a restaurant. want you to invest $50,000. you take 80% of the profits and i'm take 20%. that's what carried interest is. it's what the venture capital firms do and that's how people are compensated. do. it gets...
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Oct 3, 2012
10/12
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tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map of where the tresh is, now you get this opinion letters from lawyer, if you follow one every one of these steps, you can get your treasure untaxed to the cayman islands. one of the things the times points out because of the way these were set up and the fees they were charged against them, the less taxes paid by those who were investing, the greater the sum available and therefore the higher the fees that romney collected. >> karen finney, romney, you get the sense the romney campaign expected that the tax return story was a story
tax havens. mitt romney avoided paying his fair share. what else is he hiding? >>> joining me now, david k johnston author of the new book, "the fine print" and karen finney. david k. johnstone, the times got tax experts to look at the tax returns and some documents they obtained from bain from this new report today. what did we learn? >> well, the cayman islands 4 hundred years ago was a hang out for pirates now it's a hang out for tax pirates. instead of a buried map...
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Oct 4, 2012
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he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going back to negativism. this is a huge mistake. let me tell you something else romney did to get reaction. your man obama is going to have so much trouble. romney said to 68 million viewers, i can make a deal. i can go across the aisle like i did in massachusetts. in fact he even said about his tax reform plan, if you don't like the specific version let's talk about some other options. but you, mr. president, you couldn't make a deal. you had a deal, you broke the deal with john boehner. that's what the woodward book is all about. in other words, this is something independents love. i say clinton democ
he has an entitlement reform plan, tax plan, corporate tax plan, energy plan, trade plan. the president doesn't. and i think it really showed. he imagined he was going to get through this race simply by disqualifying romney. they almost did it during the summer. they came this close. >> hold on a second. >> i want to ask you something. the whole debate last night was obama saying no to romney's agenda. we all learned romney's agenda. nobody learned obama's agenda. now he's going...
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Sep 28, 2012
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overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that president obama isn't tough on china, what do you think he did with all that information? well, on april 17th, 1998, just 9 days after the document was released, brookside incorporated, an affiliate of bain capital, acquired about 6% of global tech. mitt romney was listed as the sole shareholder, sole director, president and ceo of brookside incorporated. mitt romney chose to pay less taxes and exploit workers all for a profit. middle classers, you nervous tonight? you ought to be. tonight in our survey, i asked, can the president sustain his momentum for 40 days? 99% of you say yes. 1% of you say no. >>> coming u
overall effective tax rate than u.s. corporations paid at the time. the company also said the operations would not be subject to material united states taxes because it should not be considered to have significant income effectively connected with a trade or business in the united states. guy plays all the angles, doesn't he? so mitt romney, the presidential candidate, who now talks tough on china and says that president obama isn't tough on china, what do you think he did with all that...
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Oct 1, 2012
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everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of charitable deductions, won't get rid of homeowner, state and local. that's where all the money is. it's not little doodads here. joan, you take this one. he won't tell us. same question comes up wednesday night, can romney dodgeball it? can he say i'm not telling you how i'm going to do the major thing i promised to do, get the economy going through a tax cut, but i'm not going to tell you how i'm going to do it. can he get away with it with even the -- >> i hope not. i think this is a moment for jim lehrer to be very tough, respectful tough, and for president obama to come back at him and to sa
everybody would like a tax cut. who wouldn't want a tax cut, especially 20% across the board? if you're making 35%, the top rate, you go to 28%. all chris wallace was trying to get from ryan on sunday was just tell me what big deductions you're going to get rid of so we can finance that. it's the question. of course everybody wants a tax cut, but if it's not going to cause bigger deficits, tell us how you're going to do it, and they won't do it. they won't say we're going to get rid of...
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Sep 28, 2012
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it's not taxes. taxes didn't rank among the top five concerns of women. ron kurts says that affluent women place a higher emphasis on economic and budget issues and they see romney as the better candidate for those issues. that doesn't mean that romney is scoring well with all after fluent women. in fact, 16% of these women remain undecided. he's still got a lot of work to do among the better half of the upper class over the next 39 days. >> when you talk about more work to do, what specifically would you advise him to do? >> this is the age-old question among men. how to woo wealthy women, right? that's what all men want to know. >> the secret elixir. >> so if i own knew. look. >> that's a whole different show, right? >> a whole different show. >> that's tomorrow. >> our documentary special. >> no. i think he needs to connect with them and give specifics on the economic plan. when you look at these, these are discriminating, highly educated voters. they want specifics on how he's going to create jobs and fix the economy. >> if that fails give them free c
it's not taxes. taxes didn't rank among the top five concerns of women. ron kurts says that affluent women place a higher emphasis on economic and budget issues and they see romney as the better candidate for those issues. that doesn't mean that romney is scoring well with all after fluent women. in fact, 16% of these women remain undecided. he's still got a lot of work to do among the better half of the upper class over the next 39 days. >> when you talk about more work to do, what...
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Sep 30, 2012
09/12
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it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to carried interest because we need to raise more revenue. >> what do you think of this man as a leader? he hired you, i assume. >> he gave me my first job back at bane company. he's an incredible family man. he's got a good sense of humor. it sometimes gets him in trouble but he geeset great sense of humor, and he's have very good sense of humor. i'm heartened by the fact that we have two fantastic candidates. i worked with president obama as well. they boenlt have a high degree of education and both knowledgebling. i think we're l
it's tax on capital gains. there are lots of people who believe it should be taxed as ordinary income. would you support moving the carried interest so it's taxed as interest rule. >> it came about always sweat equity. if someone came to you and said i want to open a restaurant. you take 80% of the profits and i'm take 20%. that's what care rid interest is. it's what the venture capital firms do and that's how people do. it incents people to look at it. all the way to farm countries to...
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Sep 27, 2012
09/12
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it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. is bill is called the hate crimes bill. this bill increases hatred i er abortionists, terrorists, privatized hate crimes lead to hate. it's a long list that suggests this guy is not what i would call a mainstream conservative republican even. >> for once i want to second whate th oious wanted a different senate candidate and then after he made the comments -akin made the comments about legitimate rape, a lot of people, as you said, romney, ryan, corn anyone, the whole repuic establishment said, weon'tano support this guy. he should drop out. he can drop out until september 25th. september 25th passed. things have not been going okay for the gop. people saying that we ha to double down and help this guy. look, does he have some cnce to win? look, i think it's very small. in the end when the people see all this
it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. is bill is called the hate crimes bill. this bill increases hatred i er abortionists, terrorists, privatized hate crimes lead to hate. it's a long list that suggests this guy is not what i would call a mainstream conservative republican even. >> for once i want to second...
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Sep 28, 2012
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he wants tax credits and spending subsidies. >> this is not what with tax cuts to higher people -- >> i will ask you about when he talks about energy he is not talking about fraking or shale. he is talking about more green energy spending. that's the difference between him and clinton. >> appreciate that. what i'm saying is if you don't like the same as it ever was, let's have a conversation about the bush years if we are going to talk about what worked and didn't work, bush's policies did not work. if you don't believe me, look at the 4.5 million jobs. >> what do you mean? >> 2008 until january 2009, we lost 4.5 million jobs. >> do you know over the same time span that bush created more jobs. the bush recovery created more jobs than the obama -- >> what was -- >> even though the recession was much milder,crea more jobs than obama did. using the obama metric. listen, i know this is stunning because you watch the democratic national convention and heard those numbers over and other own. over the same time period. >> here's where i got my facts. >> let me finish. >> go ahead. >> over th
he wants tax credits and spending subsidies. >> this is not what with tax cuts to higher people -- >> i will ask you about when he talks about energy he is not talking about fraking or shale. he is talking about more green energy spending. that's the difference between him and clinton. >> appreciate that. what i'm saying is if you don't like the same as it ever was, let's have a conversation about the bush years if we are going to talk about what worked and didn't work, bush's...
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Oct 3, 2012
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what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a math problem. they can't pay for it. if they can't pay for it, then they are going to raise taxes on the middle class. that's what the economic studies have shown. and look, i don't know anybody who thinks we're another tax cut for a millionaire away from a stronger middle class. that's just not how we have built our economy before and it's not how we're going to continue to make our country strong now. >> will president obama confront romney on these issues or rely on the debate moderator to do it? how aggressive will the pres
what about this tax plan. is president obama obligated to supporters to point out to them that this is flawed? what do you think? >> i think the moderators are going e to ask governor romney about a lot of the things that you just talked about. i hope the moderator gives governor romney a chance to do what paul ryan said he didn't have time to do and that is explain how they pay for a $5 trillion tax cut. as you pointed out, ed, it is a time problem that is vexing in this budget. it's a...
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Oct 2, 2012
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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Oct 3, 2012
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that would definitely raise taxes on some taxpayers, even if romney's able to bring the overall tax rates down, which he says he wants to do. who gets hurt in this scenario? people with huge mortgages. people who donate a lot of money to charity and people who have overall high deductions. they might lose more here than they gain by the rates being lowered overall. that is who's going to get squeezed under this proposal but the romney campaign saying not a specific idea, just kicking around things verbally in the debate. >> amman, thanks. john, what should president obama's objective be? >> he has the same agenda with any football team that has a lead late in the game. don't turn the ball over. he doesn't need to score. he doesn't need to move the ball. he just needs to prevent from the kind of catastrophic mistake that has occurred from time to time in presidential debates. not often. and president obama's not prone to mistakes very often. so he's got a low bar for what he wants to accomplish. we do know that a challenger merely by taking the stage with an incumbent president sell vated
that would definitely raise taxes on some taxpayers, even if romney's able to bring the overall tax rates down, which he says he wants to do. who gets hurt in this scenario? people with huge mortgages. people who donate a lot of money to charity and people who have overall high deductions. they might lose more here than they gain by the rates being lowered overall. that is who's going to get squeezed under this proposal but the romney campaign saying not a specific idea, just kicking around...
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Sep 27, 2012
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romney tempers tax plan, dialing back his tax code, suggesting that he's going to remove tax deductions from the middle class. he didn't talk a bit about take home pay and lower tax rates. and frankly, i was angry and confused and if i don't get it, i suspect the public may not get it. >> yeah, i watched the show last night, i saw that anger. and i share that anger. you know, look, there's an order rule of politics, either you're on offense or defense. and too much of this campaign over the last month mitt romney has been on defense. he talked about his tax cut plan defensively. he was pulling back on it saying you're not going to get a big tax cut here because every dollar we give in you rate reduction we'll take away a deduction from you. that's not the way it to sell a tax cut. it's putting more money in people's pockets and be inning incentives. i want to see mitt romney that is much more bold and much more confident in his program. i wonder whether mitt romney even believes in the tax cut or whether it was just forced upon him. >> that is a key question. i'll go to phil mus musser
romney tempers tax plan, dialing back his tax code, suggesting that he's going to remove tax deductions from the middle class. he didn't talk a bit about take home pay and lower tax rates. and frankly, i was angry and confused and if i don't get it, i suspect the public may not get it. >> yeah, i watched the show last night, i saw that anger. and i share that anger. you know, look, there's an order rule of politics, either you're on offense or defense. and too much of this campaign over...
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tax policy is another example. the big happens to be what you so well pointed out in your ads that has to do with making it in america and rebuilding the american base that we can do with good wise public policy. >> has president obama been doing a good job going after china on unfair trade practices? is it having an effect? were there 1,000 jobs saved? that of course is what is being reported. do you believe that? >> that and more. the president went after china on the dumping of solar panels below cost here in the united states literally or virtually or almost destroying the solar panel manufacturing sector in the united states. he went after them and that's shifting around and now the solar panel manufacturers are finding stable ground on which they can now expand and build american jobs. >> what are do you make of the romney campaign running the majority of the china ads in ohio. is that to counter the success of the automobile loan? >> absolutely. no doubt about it. there is so much more we can do. we ought to
tax policy is another example. the big happens to be what you so well pointed out in your ads that has to do with making it in america and rebuilding the american base that we can do with good wise public policy. >> has president obama been doing a good job going after china on unfair trade practices? is it having an effect? were there 1,000 jobs saved? that of course is what is being reported. do you believe that? >> that and more. the president went after china on the dumping of...
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Sep 28, 2012
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this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest income tax in the world. if you look at this chart you see france there at number one, second place is aruba followed by sweden, 56%. then the u.s. way down on the ranks at number 35. sort of in the middle of the whole list with its again 35% top tax rate in the u.s. early estimates said this 75% tax rate would only affect around 30,000 taxpayers. but i've been on the phone with a lot of french tax lawyers this morning. they said the number's far lower. maybe only 2 to 3,000 people in france would actually pay this tax. the reason is that this tax really only applies to salary and ordinary incomes. it doesn't apply to capital gains, interest income, dividend, what we would call kind of passive investment income. the rates for passive income in france would largely remain unchanged. the people most affected would be people like athletes, artists, maybe some doctors and lawyers. b
this increases their tax rate from 48% to a whopping 75% income tax rate. this would apply to people who make more than 1 million euros a year. and france now by far has the highest income tax in the world. if you look at this chart you see france there at number one, second place is aruba followed by sweden, 56%. then the u.s. way down on the ranks at number 35. sort of in the middle of the whole list with its again 35% top tax rate in the u.s. early estimates said this 75% tax rate would only...
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Sep 29, 2012
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there are numerous other examples, tax policy. but the big one happens to be what you so well pointed out in your ads and that has to do with making it in america, rebuilding the american manufacturing base which we can do with good, wise public policy. >> has president obama been doing good job going after china on unfair trade practices? is it having an effect? were there a thousand job actually saved? that is what is being reported. do you believe that? >> that and more. the president went after china on the dumping of solar panels below cost literally or virtually or almost destroying the solar panel manufacturing sector in the united states. but he went after them and that's shifting and and now the solar panel manufacturers are founding stable ground on which they can now expand and build american jobs. >> and what do you make of the romney campaign running the majority of their china ads in ohio? is that maybe to counter the success of the automobile loan? >> absolutely. there's no doubt about it. but there's so much more t
there are numerous other examples, tax policy. but the big one happens to be what you so well pointed out in your ads and that has to do with making it in america, rebuilding the american manufacturing base which we can do with good, wise public policy. >> has president obama been doing good job going after china on unfair trade practices? is it having an effect? were there a thousand job actually saved? that is what is being reported. do you believe that? >> that and more. the...
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income taxes hit the rich. property tax increases hit everyone that owns property. it's going to get worse before it gets better in chicago. >>> all right. a french bank is selling a greek bank for one euro that it bought for $2.2 billion euros in 2006. >> it is the bank that would stand to lose the most. obviously it wants to reduce its exposure to greece at this stage. that bank we're talking about here to be sold for one euro is their greek unit. this is a bank that has not made a profit since 2006 when it was bought. i believe -- actually, that's wrong. there was one year in 2007 when it made a profit. this has basically been a bad investment. >>> okay. last chance to win in our street poll. who has a better chance of winning, mitt romney or the jets? we wlr have some results in. we're going to read them later on. don't go away. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd
income taxes hit the rich. property tax increases hit everyone that owns property. it's going to get worse before it gets better in chicago. >>> all right. a french bank is selling a greek bank for one euro that it bought for $2.2 billion euros in 2006. >> it is the bank that would stand to lose the most. obviously it wants to reduce its exposure to greece at this stage. that bank we're talking about here to be sold for one euro is their greek unit. this is a bank that has not...
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the feds here not paying their taxes, guys. that's the news out of washington. >> more good news from d.c. thank you. all right. so is this just the height of government waste? joining us is scott hodge and julian epstein. scott, your reaction. i know it's not a big sum of money, but come on. >> well, the basic responsibility of every employer is to pay the taxes on behalf of their employees. you can be subject to fines or liens or property seizure if you don't do it. these federal government agencies are getting away with murder here and not paying the taxes. there's really nothing the irs can do. this is a basic responsibility. they're fumbling the ball badly on this. >> it really feels like maybe the government is setting a bad example, right? >> terrible example. >> and scott, is there any way to penalize them? >> no. >> apart from hiring more people to look into it and do something about it? >> no, in fact, the report doesn't even list the agencies. we can't even humiliate them because they've redacted the names of the age
the feds here not paying their taxes, guys. that's the news out of washington. >> more good news from d.c. thank you. all right. so is this just the height of government waste? joining us is scott hodge and julian epstein. scott, your reaction. i know it's not a big sum of money, but come on. >> well, the basic responsibility of every employer is to pay the taxes on behalf of their employees. you can be subject to fines or liens or property seizure if you don't do it. these federal...
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. >> here he is doing it again on the tax issue. he pushed the idea that the president raised tacks. here he trieso make theoint usg hi interpretation of the supreme court ruling on obama care. >> by the way, the president has now raised taxes on the middle class as so determined by the supreme court. >>nd then this week romney mangles his ssage by saying ama didn't raise taxes in his first term bht i ndrm >> he's got one new idea. i admit he has one thing he did not do in his first four years he said he's going to do in the next four years which is raise taxes. >> which is it, mark? did he or di't he or is he ilob h more ast ye charitable interpretation. >> your interpretation is the one we want. >> my sense is hwas talking about raising marginal tax rates rather than raising any taxes. >> that's charitableyou're right. >> i wl say a veronfha id be. he's not at the point where he can afford either to create distractions through loose rhetoric or to have a muddled message th doesn't give people a sense of where his heart is, as you
. >> here he is doing it again on the tax issue. he pushed the idea that the president raised tacks. here he trieso make theoint usg hi interpretation of the supreme court ruling on obama care. >> by the way, the president has now raised taxes on the middle class as so determined by the supreme court. >>nd then this week romney mangles his ssage by saying ama didn't raise taxes in his first term bht i ndrm >> he's got one new idea. i admit he has one thing he did not do...
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last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't be surprised if it didn't come up tonight. >> all right, dan lothian, live for us in denver, a long day
last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those...
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a 75% tax on the wealthy. that's right. if you make over a million euros, about $1.3 million, you're going to have to pay 75% of it. an analyst say the cuts will help, but they're not enough to meet the government's goals and we're already aware of some who are moving. >>> two soil samples have been taken from roseville, michigan to search for jimmy hoffa's body. we should know the results on monday. if human remains are detected, there will be more excavation. the police chief is saying, quote, there's no discernible remains found in today's search. he was the former teamster's boss who went missing in 1975 and declared dead seven years after that. >>> it has been 421 days since the u.s. lost its top credit rating. more people said they think more jobs would be created in the coming months. that of course is a really big thing. more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romne
a 75% tax on the wealthy. that's right. if you make over a million euros, about $1.3 million, you're going to have to pay 75% of it. an analyst say the cuts will help, but they're not enough to meet the government's goals and we're already aware of some who are moving. >>> two soil samples have been taken from roseville, michigan to search for jimmy hoffa's body. we should know the results on monday. if human remains are detected, there will be more excavation. the police chief is...
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it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. this bill is called the hate crimes bill. this bill increases hatred in america. if a foreign power had done to america what the department of education had done, it would be considered an act of war. the minimum wage can be destructive 37. >> do you know what the minimum wage is? my guess is it's somewhere in the six or seven. >> if you wanted to destroy jobs what would you do? just playing like you are the devil, and we have one pretty close to that. and yet we have terrorists in our own culture called abortionists. i don't really believe in the whole theory of global warming. >> well, quite an array to pick from. abortionists are terrorists. social security should be privatized. hate crimes lead to hate. it's a long list to suggest that this guy is not what i would call a mainstream conservative republican.
it's really a tax is all it is. social security is a tax. >> are you saying for younger people there will be some privatization of it or not? >> well, if it were up to me, yes, i think that that's a good idea. this bill is called the hate crimes bill. this bill increases hatred in america. if a foreign power had done to america what the department of education had done, it would be considered an act of war. the minimum wage can be destructive 37. >> do you know what the...
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tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big problem we had is that there was too much oversight and regulation of wall street? because if you do, then governor romney is your candidate. >> did he, john, miss an opportunity to go further with the banks there? >> i mean, that was one of i think president obama's better lines in the debate because he was calling out in a limited way and halting way all of a sudden mitt romney saying that the problem with the dodd-frank was that it was a big kiss to the new york banks which is itself a surreal etch-a-sketch moment. the president
tax cut across the board. mitt romney never specified the deductions that he discusses and doesn't give specifications on, to say i don't have a tax cut is surreal and the president with malpractice not pushing back on that and demanding specifics. >> some of the president's supporters said he needed a cup of coffee or two after watching that. let's listen to this from the president, guys and then, john, i want your thoughts on this one. >> does anybody out there think that the big...
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so why does the government hate taxes, john? >> it's not just these federal agencies that owe taxes. we learned earlier in the year that over a billion dollars is owed by federal employees. there's a scofflaw problem in our very government. >> this is total nonsense. i just the figures -- >> this is social security taxes, right? >> i just checked how many federal employees there were in october -- in august. it works out at just over $6 per employee. it's neither here nor there. it's an accounting error -- >> but there is something very silly about the government paying itself taxes. >> it's a delay in funding. >> they're already immune to the federal income tax. the government doesn't pay federal income tax. it doesn't really make sense. >> it's a non-story. >> move over "50 shades of grey." j.k. -- >> is it rowling or rowling? >> i have no idea. >> highly anticipated first adult novel, "the casual vacancy." it's in bookstores today. it's already number one on amazon's best-seller list. but will drugs, sex, and swearing in the
so why does the government hate taxes, john? >> it's not just these federal agencies that owe taxes. we learned earlier in the year that over a billion dollars is owed by federal employees. there's a scofflaw problem in our very government. >> this is total nonsense. i just the figures -- >> this is social security taxes, right? >> i just checked how many federal employees there were in october -- in august. it works out at just over $6 per employee. it's neither here...
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plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself sound more centrist. ali velshi is here to make sense of what we heard last night. >> right. >> the first question on the tax cut proposal. the president is saying he's flip flopping. is he proposing $5 trillion in tax cuts? >> so this is a tricky one. what mitt romney is saying is he wants to reduce taxes across the board in every category. wherever you are coming down 20%. if you don't figure out where you're going to make up the taxes from, if you take 20% less from everybody it's over 10 years a $4.9 trillion loss and overstating it a little bit but there's a study that's been done and
plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. that's another trillion dollars and $2 trillion in additional military spending that the military hasn't asked for. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. my plan is not to put in place any tax cut to add to the deficit. >> now, today, the president is saying, hang on. that's not mitt romney. he says romney's changing the tune on the crucial issue of taxes to make himself...
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in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the sort of thing you do with congress. >> so that's the most detail we have heard romney talk about this idea of different buckets and a cap on deductions. but still it's been at nearly every stop in the the last two weeks. romney has had to explain the 47% remark. don't be surprised if we hear a version of this answer when it comes up wednesday night. >> if you could go back to that fundraiser, would you have said it differently? >> it's not productive for someone to get into the detail of how a campaign is going to cop l together the people i need to win an election. i
in an interview, romney was pressed for specifics on his tax plan. after ryan said on fox news on sunday the math would take too long to explain. >> you could say everybody is going to get up to a $70,000 deduction and can use your charitable deduction or home mortgage deduction or others. and you can fill that bucket if you will, the $17,000 bucket that way and higher income people might have a lower number. or you could do it by the same method that boll simpson did it. but that's the...
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time to go through the math of how the governor's budget plan works, and you can pay for it, and his tax cuts, i think he'll be hard-pressed to say that well i'll get back to you, i don't have time. i think the debate's going to be interesting and they're going to have to back up their statements. i think they'll be held to account for more than they've been held to account for as far as the facts and the details in this hour debate, hour and a half debate. >> it will certainly be fascinating. for now, thank you very much. >> thank you, piers. >>> here to break down all the debate strategy in tonight's battleground america, two "new york times" columnists on opposite sides. charles blow and ross dalfell. thank you both. i see you're already snarling across the newsroom. >> we're great friends. >> i don't want to hear that. >> he's my favorite conservative. >> no time for friends. let me start with you, ross. romney's got it all to play for, good and bad, depending on who you talk to. this is make or break time in a good or bad way. chris christie believes and i will quote here, i've seen
time to go through the math of how the governor's budget plan works, and you can pay for it, and his tax cuts, i think he'll be hard-pressed to say that well i'll get back to you, i don't have time. i think the debate's going to be interesting and they're going to have to back up their statements. i think they'll be held to account for more than they've been held to account for as far as the facts and the details in this hour debate, hour and a half debate. >> it will certainly be...
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one of them a surplus tax from ecuador. they are not going to be able to do that, take care of that but i think they can work around that and then -- >> so you say go ahead. government ahead. >> you are with it? upgrading comstock resources and devon energy, noting notice belief that, "the u.s. natural gas market fundamentals already gone substantial structural "" -- do you like the call or not? >> i live in the center of marsellus gas. >> you do. >> i they are producing below the cost of goods sold. i don't like that i don't see a change in that . >> don't like two you do like one. i like you because you disagree. >>> next hour, remember the datson? we are going to look at the rebirth of the car on the cheap. but there's a catch. the new datson, next hour. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. chances are, you're not made of money,
one of them a surplus tax from ecuador. they are not going to be able to do that, take care of that but i think they can work around that and then -- >> so you say go ahead. government ahead. >> you are with it? upgrading comstock resources and devon energy, noting notice belief that, "the u.s. natural gas market fundamentals already gone substantial structural "" -- do you like the call or not? >> i live in the center of marsellus gas. >> you do. >>...
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he can talk specifically about the tax plan he put out there, put specifics on the table. talk about where the deductions are going come from, talk about the entitlement reforms. talk about how, in fact, it's mitt romney mean-testing entitlement reforms. he's talking about returning benefits to seniors and others that don't make as much money, which is benefit redistribution. >> well, i want to -- a lot of times when you look at where a campaign is, you can tell by how the money is moving. it was somethinging that the billionaire democrat has decided to give a million bucks it to a pro-obama super-pac including another half million for congressional races. before that he didn't think he wanted to do that or get involved. is he seeing a shift, and it's time to back the winning horse? do you watch the money and stay that gives me the indication of the mood out there? >> of course. in politics you always follow the money, and that's a great example. george has seen the poker hand. he sees that obama is holding three aces and romney is trying to drive to an inside straight. he
he can talk specifically about the tax plan he put out there, put specifics on the table. talk about where the deductions are going come from, talk about the entitlement reforms. talk about how, in fact, it's mitt romney mean-testing entitlement reforms. he's talking about returning benefits to seniors and others that don't make as much money, which is benefit redistribution. >> well, i want to -- a lot of times when you look at where a campaign is, you can tell by how the money is...